BUSINESS

US risks financial crisis ahead of midterm elections: former IMF official

The world is losing faith in the dollar, and the U.S. could suffer a financial crisis next year, according to

BUSINESS

Jamie Dimon gets real with Europe about shrinking to just 65% of American GDP over 10-15 years: ‘That’s not good’

JPMorgan Chase CEO Jamie Dimon delivered a stark assessment of Europe’s economic prospects at an event in Dublin hosted by

BUSINESS

Forget a ‘shadow’ Fed chair, here’s how the central bank could have two different leaders at once

Federal Reserve Chairman Jerome Powell actually wears two hats: He is chair of the Fed’s board of governors and chair

BUSINESS

Trump plans to start notifying countries of U.S. tariffs up to 70%

US President Donald Trump said his administration will probably start notifying trading partners Friday of the new US tariff on

BUSINESS

Home Depot’s $5 billion purchase of an unsexy building products distributor is a prime example of smart M&A

Earlier this week, Home Depot said one of its business units was buying building-products distributor GMS for some $4.3 billion,

BUSINESS

The first Tesla just drove itself from its factory straight to the customer

Tesla celebrated a historic first on Friday when a new Model Y left the factory in Austin and—without anyone in

BUSINESS

Shell denies reports of BP mega-merger of Big Oil rivals

Shell said “no talks are taking place” for a potential mega-merger with rival BP that would cost more than $80

BUSINESS

Shipping on high alert in Mideast after U.S. strikes on Iran

The shipping industry was placed on high alert on Sunday with warnings that Tehran could retaliate against commercial vessels following

BUSINESS

Bain & Co luxury report shows personal goods shrank last year

Luxury brands have retreated back to their safe space of exclusivity, having explored new avenues to win customers during COVID.

BUSINESS

Trump’s anti-DEI wave extends to Juneteenth celebrations as corporate sponsors pull out of major events

Juneteenth celebrations have been scaled back this year due to funding shortfalls as companies and municipalities across the country reconsider their